Business, Financial & Legal News - Page 84

NVIDIA acquiring networking giant Mellanox Technologies back in April 2020 for $7 billion, and now has formally renamed the company.

Mellanox Technology is now NVIDIA Networking, where if you visit Mellanox's website you will be directed to NVIDIA. The banner reads: "Mellanox Technologies is now NVIDIA Networking".

NVIDIA only continues to get bigger in the networking space, which is a very important part of the entire HPC cluster of the computing industry. NVIDIA has the dominant GPUs, a world-class networking outfit, and if it acquires ARM then NVIDIA would be collecting one of the last Infinity Stones, really.

Tesla's stock went from $2,213 a share to $457 a share after 5-for-1 stock split, and so many investors want to buy that they're crashing trading sites.

Tesla's new stock split has would-be investors extremely interested in buying the stock. They're so interested that key trading sites like Ameritrade and Robinhood are being overwhelmed. At the time of writing, Robinhood still allows trades, but is experiencing high traffic that is limiting functionality.

Tesla announced the 5-for-1 stock split earlier this month. The split awarded all existing investors a dividend of four extra stock on August 28, and the split took effect today, Monday, August 31. At the time of writing, Tesla stock sits at a stock-split adjusted value of $457 a share and has already jumped 2.86% from its initial split value.

TSMC continues forging ahead to be the dominant leader in the industry, where Taiwan Semicondctor Manufacturing Company is so ahead of the competition it might take them to 2030, if ever, to catch up.

Well, it's not just there -- but the company teased its recent 3nm node with 3x the silicon density over 7nm, with 51% less power, and it is up to 32% faster than TSMC's current 7nm node. TSMC hosted its Technology Symposium last week, where all of these announcements flew out.

TSMC also teased what it has coming in 2023, where the industry leader will have 12-stack next-gen HBM on next-gen GPUs coming out of its fabs. How can it get better? Well, with all of this chip production for companies like AMD, NVIDIA, Qualcomm, Intel, Apple, Huawei and many others -- it must be using most of the latest equipment to make next-gen chips, right?

TSMC is so ahead of the game that even Korean giant Samsung might not catch up until 2030, or ever (more on that here) -- but Beijing thought it could compete with TSMC with its own $20 billion fab plant in Wuhan.

Wuhan was the epicenter of the COVID-19 pandemic, with a partially-built factory sitting there doing nothing now in Western Wuhan. Wuhan Hongxin Semiconductor Manufacturing Company (HSMC -- because that's not obvious) was meant to be the "key part of a US$20 billion investment that turned the province into a chip manufacturing hub" reports South China Morning Post.

Construction on the new plant started in 2018 and was meant to make 14nm and 7nm chips, with HSMC expecting to make around 30,000 chips per month. Beijing offered a 10-year corporate t ax break to established companies that could make chips that were 28nm or smaller, but even with this help HSMC has failed with its new facility.

TSMC is a leader in the semiconductor space, but Samsung has been wanting a bigger piece of the semiconductor pie for a while now -- with goals of being the #1 semiconductor manufacturer by 2030. Well, it looks like TSMC might have just ended that battle, 10 years before it even began.

DigiTimes is reporting that TSMC will use Hsinchu Baoshan as their HQ for the new 2nm node, which Apple being the customer of the 2nm wafer, should be using in a future iPhone.

TSMC will create 10,000 jobs in its two new major R&D and production bases in Taiwan, with an investment of "at least NT$600 billion" reports DigiTimes. In USD, we're talking about an investment of around $20 billion -- which is not a small amount of money.

2020 has been a massive year for Elon Musk, with significant achievements happening in both Tesla and SpaceX.

Now, according to a Bloomberg report, Elon Musk's net worth has now risen above $100 billion, which just happens to be the exact same day Amazon CEO Jeff Bezos reached the $200 billion mark. In just 2020, Tesla stock has seen a rise of 400%, which has caused Musk's personal wealth to exceed by $73 billion this year.

Most of the Musk's wealth has come from the increasing price of Tesla stock, which isn't really that surprising when you look at the numbers. As of June this year, Musk owned 40.4 million Tesla shares, which equates to $87 billion of his net worth. Comparatively, at the beginning of 2020, Musk owned about 38.7 million shares, worth $16.2 billion. If you are after any more information regarding this topic, check out his link here.

Tesla stock isn't stopping right now, with the electric vehicle giant seeing its stock hit a record high, breaching $2000 on Thursday.

The increase in Tesla stock prices jolted the market capitalization to $370 billion,with Tesla silently driving upwards into its five-for-one stock split that comes on August 21, where it gets distributed to anyone who has Tesla stock.

Once this happens, it could see Tesla be included in the S&P 500 stock index, where if Tesla can secure a place in the S&P 500, funds that track the index are required to buy Tesla shares. We all know what happens from there, Tesla shares continue to skyrocket.

Intel is accelerating its $20 billion stock buyback strategy because of lower share values, and soon plans to buy up $10 billion worth of stock.

Despite sharp upticks in Q2 revenues ($19 billion, +20%) and net income ($5.1 billion, +22%), Intel's shares have dived nearly 20% in the last month due to the delay of its 7nm process to 2022.

Intel believes its shares are worth more than their recent trade values, so the company is spending $10 billion of its cash reserves to buy up 166 million shares of its stock. The motivation here is to raise stock prices by reducing the amount of shares on the market, thereby reducing dilution of the share value.

The entire world is changing and evolving to new standards, tens of millions more people working from home -- all over the COVID-19 pandemic worldwide. In the middle of it, Samsung and Logitech see opportunity -- and have announced a new strategic partnership.

The companies will be collaborating on bringing the world the most "comprehensive display lineup including digital signages and desktop monitors, with Logitech's wide variety of video conferencing solutions for both meeting rooms and personal desks".

Samsung explains that its displays can turn any space, whether it is in the office or at home, into a productive workspace. Samsung adds: "Samsung monitors are available in a wide range of sizes, resolutions and screen types, from ultra-wide curve to traditional flat screens, to offer users the perfect fit. When paired with Logitech's USB-compatible conference cams such as MeetUp and Rally, and webcams such as Brio, C930e and C925e, any location can be transformed into an integrated workspace, saving users' valuable time while still providing powerful functionality".

If you were about to pull the trigger on a new upgrade, I would suggest waiting just a little while longer. Not only do we have NVIDIA's next-gen Ampere-based GeForce RTX 3000 series cards, but AMD's new RDNA 2-based Radeon cards, too.

In the middle of that, SSD and RAM prices are plummeting and will continue to do so well into 2021. According to a new report, the prices are tumbling because of an oversupply of both DRAM and NAND-based products.

DRAMeXhange explains: "Despite the traditional peak season for electronics sales and the release of Apple's new iPhones in 3Q20, the quarterly decline in NAND flash ASP [average selling price] will likely reach 10 percent, due to the client end's excess inventory under the impact of the pandemic".